Examples

Range

Ranges are defined when price movement is contained between two horizontal lines, a parallel support and resistance. Range breakouts can be interpreted in many ways by traders. A range breakout from the lower support line of the structure could show a downtrend momentum, while a breakout from the upper line could indicate the price moving …

Range Read More »

Channel

The Geometric Pattern family contains patterns formed by combinations of price action movement in relation to one or more trendlines. The Channel is a widely-used Geometric pattern. It is formed by two parallel trendlines where the price action is contained within the bounds of the two lines. Ascending Channel In an ascending Channel, the price …

Channel Read More »

AB = CD

The AB = CD is a pattern based on Fibonacci retracements between only two legs. The AB=CD pattern has significantly fewer conditions but is another powerful price reversal indicator. Bullish AB = CD The Bullish configuration between the two legs follows one of two ratio sequences: Move CD is below move AB BC is a …

AB = CD Read More »

Wolfe Waves

Belonging to the Geometric and Trendline pattern family, the Wolfe Wave does see some similarity -but is not strictly a part of – the Harmonic pattern family. The definitions of Wolfe Wave patterns are similar to many members of the Harmonic patterns as it is based on the relation of the price legs to each …

Wolfe Waves Read More »

5 – 0

The harmonic 5-0 is a variation on normal harmonic patterns as the initial impulse XA is preceded by a stronger origin move OX. Bullish 5-0 OX is an origination move to create the point X AB is a retracement in the range 1.13 – 1.618 of XA BC then follows as a 1.616 – 2.24 …

5 – 0 Read More »

Three – Drive

The Three Drive Pattern comes with the formation of three successive tops or bottoms. The retracement levels of the tops and bottoms must match the Fibonnaci ratios. Bullish Three – Drives to a Bottom Three successive drives to the bottom which follow Fibonacci levels define the Bullish configuration of this pattern. After the final completion …

Three – Drive Read More »

28 Oct 2020 – Alt ABCD

Date and Arrival Time: 28th October 2020 : 9.20am Symbol Name: LT Pattern and Pattern Type: Alt-ABCD – Completed – SELL Pattern Completion Price: 994.35, Pattern Ideal Completion Price: 993.55 A Completed Alt-ABCD has arrived at 9.20. The coordinates are : This is a pattern with a time span starting from the 23rd October – …

28 Oct 2020 – Alt ABCD Read More »

Butterfly

Bullish Butterfly The Butterfly has a completion price of D where a potential price movement reversal can be expected. The Bullish Butterfly is defined by the following Fibonacci ratios: Move AB is 0.786 of the upwards impulse XA BC can be either (Case a.) a 0.382 or (Case b.) 0.886 retracement of AB In Case …

Butterfly Read More »

PatternSurfer - India